You Might Consider Opting Out Of The Child Tax Credit. Here's Why

For many, it was a welcome surprise. On July 15, cash flowed into the bank accounts of parents across the U.S. as the government rolled out the first monthly payments of the enhanced child tax credit passed by Congress this spring.

But as helpful as those payments are to a lot of families, they could actually create headaches for others, with some people owing money to the government next year.

As a result, some parents have already opted out of the monthly payments and are instead choosing to receive the...